BA4817 INTERNATIONAL FINANCE
| Course Code: | 3124817 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Assoc.Prof.Dr. SEZA DANIŞOĞLU |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
This course emphasizes broad concepts and practices and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The textbook used treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management. Thus, it builds on and extends the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance.
Course Content
The first part of the course aims at introducing the student to foreign exchange markets, exchange rate determination theories, forecasting and international trade financing. A project on Turkey will be assigned. The second part of course deals with aspects of financial management for multinational corporation.
Course Learning Outcomes
Upon successful completion of this course, students should be able to:
Course Specific Skills:
1. Understand the economic reasons behind the birth of multinational corporations
2. Understand how the value of world currencies are determined with respect to each other
3. Understand the evolution of the international monetary system
4. Understand the international monetary system mechanics, international economic linkages and the resulting parity conditions in international markets
5. Understand the structure of the currency derivatives markets and the motivation behind creating such contracts
6. Develop skills in using currency derivatives for managing currency risk
7. Understand the accounting and economic implications of foreign operations
8. Understand the difference between domestic and international portfolios and develop skills in managing international portfolios
9. Understand the difference between domestic and international capital budgeting and develop skills in evaluating international projects
Discipline Specific Skills:
10. Understand the difference between domestic and international financial management
11. Understand the implications of managing international operations
12. Understand how firms approach the practice of currency risk management
Personal and Key Skills:
13. Develop problem solving skills
14. Develop writing and discussion skills
15. Learn to apply the abstract concepts learned in the classroom to everyday financial decisions made by corporations
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution